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PERFORMANCE OF PHILIPPINE AGRICULTURE,
JANUARY-DECEMBER, 2008
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In
2008, agriculture grew by 3.92 percent. Except for livestock, all
subsectors posted output increases. The fisheries subsector put up the
biggest production gain during the year. At current prices, the value of
agricultural production amounted to P1.2 trillion or 19.32 percent
more this year because of the combined effects of increases in
production and prices.
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The
crops subsector expanded by 4.05 percent this year. Palay and corn
farms registered output increases of 3.54 percent and 2.82 percent,
respectively. Higher production increments were recorded by pineapple at
9.57 percent, banana at 16.06 percent and sugarcane at 22.62 percent.
The crops subsector accounted for 47.71 percent of total agricultural
production. During the year, the subsector grossed P634.9 billion at
current prices, representing a 23.95 percent increase from the 2007
record.
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The
livestock subsector contracted by 1.06 percent and this was primarily
due to lower hog production. The subsector contributed 12.36 percent
to total agricultural output. The gross value of livestock production
was P181.0 billion at current prices, up by 10.98 percent from last
year's level.
The poultry subsector produced 4.71 percent more output during the
year. The major source of growth was chicken with its 5.76 percent
production gain. The subsector shared 14.11 percent in total
agricultural output. Its gross value of production was P130.9 billion at
current prices. This was 10.71 percent higher than last year's record.
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The
fisheries subsector recorded another 5.78 percent output increase in
2008. Aquaculture was the biggest gainer with output expanding by
8.71 percent. Production in commercial and muncipal fisheries went up by
2.78 percent and 2.19 percent, respectively. The subsector contributed
25.82 percent to total agricultural output. It generated gross earnings
amounting to P215.5 billion at current prices or 19.37 percent higher
than the 2007 level.
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On
the average, farmgate prices increased by 14.82 percent this year.
Except for poultry, all subsectors registered two-digit price
increments. The crops subsector came up with an average price increase
of 19.12 percent. Prices in the livestock subsector moved up by 12.17
percent. In the fisheries subsector, prices recorded a 12.84 percent
increase. Meanwhile, the poultry subsector had an average price
increment of 5.73 percent.
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